Home Commodities Stochastic Buy Signal Happened Last Tuesday, US Indexes Were Very Oversold into Monday

Stochastic Buy Signal Happened Last Tuesday, US Indexes Were Very Oversold into Monday

by Paul Ebeling

#stocks #indexes #stochastic #oversold #buy #cryptocurrency #FOMC #inflation #PPI #Musk


DJIA -106.77 to 35544.18, NAS Comp -175.64 to 15237.63, S&P 500-34.88 at 4634.09

Tuesday, the S&P 500 fell 0.8% as concerns about inflation and economic growth weighed during this last annual FOMC meeting. The NAS Comp (-1.1%) and Russell 2000 (-1.0%) both underperformed the benchmark index, while the DJIA declined only 0.3%. Our Key technical indicators are flashing Green now.

  • S&P 500 +23.4% YTD
  • NAS Comp +18.2% YTD
  • DJIA +16.1% YTD
  • Russell 2000 +9.4% YTD

Key Commodities

WTI Crude Oil futures settled lower by 0.9%, or $0.67, to $70.57/bbl, Gold futures settled $16.00 lower (-0.9%) to $1,772.30/oz and the US Dollar Index is +0.2% at $96.52.


AMC (NYSE:AMC) traded up 5.24% at $24.50 Tuesday. The stock’s 52-wk range is $1.91 to 72.62, and average daily trading volume is about 43.3-M/shares shares. Tuesday 106-M/shares traded.

Most other on our meme list traded off on the day.


Investment programs are gaining popularity in the US and internationally, as more millennials shift their money into cryptocurrency.

This dynamic represents both an opportunity for citizens to obtain a 2nd passport, and an option to claim permanent residency in a foreign country.

The reasons why the crypto crowd is gravitating toward having a 2nd home country are related to opportunity cost, tax exposure, and more.

As more countries allow investment into their nation by foreign nationals and offer them substantial benefits in return, and citizenship by investment programs (CIP) do a lot of “due diligence” when it comes to vetting applicants.

US Economy

  • The November Producer Price Index (PPI) showed that the index for final demand increased 0.8% month-over-month, while the index for final demand, less foods and energy, increased 0.7%. That left the year-over-year increases on an unadjusted basis at 9.6% and 7.7%, respectively.
    • The Key takeaway from the report is that it is another sign that inflation pressures are persisting in an unacceptable manner and may force the Fed into taking a more aggressive policy path at a time when the market has concerns about a slowdown in growth.
  • The NFIB Small Business Optimism Index increased to 98.4 in November from 98.2 in October

Looking ahead to Wednesday, investors can expect the FOMC Rate Decision, Retail Sales for November, the NAHB Housing Market Index for December, Import and Export Prices for November, the Empire State Manufacturing Index for December, Business Inventories for October, and Net Long-Term TIC Flows for October.


Fresh off his Time magazine Person of the Year honor and calling for Congress to press ”delete” on Mr. Biden’s ‘‘Build Back Better’‘ plan, Elon Musk fired shots at Senator Elizabeth Warren (D-Mass), as a ”Karen.”

Mr. Musk then fired off a series of tweets trolling Ms. Warren as an ”angry mom” and a ‘‘Karen,” a pejorative term as defined by the Urban Dictionary as a ”middle-aged woman” who ”makes solutions to others’ problems an inconvenience to her although she isn’t even remotely affected.”

”Stop projecting!” Mr. Musk tweeted, linking a story detailing her ”lies about being Native American.”

Mr. Musk did not stop there.

You remind me of when I was a kid and my friend’s angry Mom would just randomly yell at everyone for no reason,” he tweeted, adding in an ensuing tweet: ”Please don’t call the manager on me, Senator Karen.”

Musk further tweeted: “And if you opened your eyes for 2 seconds, you would realize I will pay more taxes than any American in history this year.

Have a prosperous day, Keep the Faith!

You may also like


Your Trusted Source for Capital Markets & Related News

© 2024 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.